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All Forum Posts by: Jerry Puckett

Jerry Puckett has started 15 posts and replied 1260 times.

Post: Is direct mail dead?

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717
Quote from @Mike Schorah:

I heard that you need to send out $10k in direct mail to land a deal in this economy.


 Not dead by any means....surpassed cold calling mass texting and ringless voicemail. Still the biggest bang for my buck. 10 years in counting several cycles udner rhe belt. Helped launch some steller careers. Cost effevtives simple to do. Rumours of its demise oftentoutefd by anti mailers. :-)

Post: Direct mail marketing or cold calling for a primary house?

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717

Hello @Heeyeon Chung

I've run a number of successful campaigns to pick up a primary residence. In one instance, my client got a $50k discount by negotiating, writing his own contract etc. In each instance, my clients ended up paying under retail. Not the home run deals that investors look for to fuel their business, but when you're looking for a home, even a 10% discount is nice.

My experience is that the mail works better than a cold call. On average, 3 letters over three months has gotten the job done. Full disclosure, we've also had a few who failed. But for 20 or so prospects, the cost for this is negligible and worth a try. After mailing, if that does not work, a phone call wouldn't be a surprise as the seeds were planted in the mailing campaign.

Hope that helps!

Post: Best Tools/Websites for Researching Off-Market Properties

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717

@Khaled Ahmed


Off market deals are made rather than found. Drill down on what it is you want to buy, and where it is you want to buy it. Then find all of the people who currently own what you want, where you want it. Or set up a way for them to find you. Make offers. 

That's the slim outline of it, but that's the way it works. Sites used to find the properties and the people who own them are plentiful. In my opinion, Corelogic products like Realist and Listsource are reliable and easy to use. (Full disclosure, I am an authorized reseller among other things, but I chose this company for a reason).

Post: How do I reply to a post

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717

Hi @Christina Venegas

I think you are in the wrong spot. I see this is your first post, and deserves an answer, but you would need to start a new thread in the appropriate forum. This thread is 14 years old. Probably a moderator will come along and help you out.

Post: Comparison of Invelo and Propstream

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717

Propstream has been around for a good while now, Invelo is relatively new. But the people behind Invelo are solid, great track record and in high standing around BP. I'd like to see people give them a shot.

Post: finding lists of retail shop building owners

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717

@Randy Krock You bet. I'd just ask that you come back here and post about it so the community can bennefit. This is a common question that could use solid answers.

Post: finding lists of retail shop building owners

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717

Hi @Randy Krock

You can certainly use ListSource to do this very thing. Jot down a few of the addresses you identify as being just what you want. Plug those in to ListSource and get a read out of the property type, land use code (State or County) and the zoning. Look for patterns.

You use this info to reverse engineer the types of buildings you really want, then use those as a criteria in a map or zipcode search. Listsource will give you back a list of all qualifying properties. I use these lists to reach out by mail, but you could also plot them on a map, or basically whatever you like.

Full disclosure; I am an authorized ListSource reseller and could handle this for you very quickly. But no reason you can't do it on your own! :-)

Hope that helps.

Post: To Wholesale, Flip or Buy and Hold?

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717

Hi @Brett Schickler

Currently? One Party rule, inflation, supply chain...Have you seen the price of lumber lately? Sheesh. 

Post: If you had to Start from Scratch

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717

Hello @Chezare Bonilla

Ah...to be young again. I agree with @Joaquin Camarasa on every point. But me personally, if I had it all to do over again, I would have dived right into a househack needing a little work right after college. Particularly if single without children. What a great way to learn and prepare. 

Post: Why do gurus push Driving For Dollars?

Jerry Puckett
Posted
  • Wholesaler
  • Fort Worth, TX
  • Posts 1,335
  • Votes 1,717
Quote from @Doug Pretorius:

@Mike Schorah You have to consider who's telling you to do it and why. Guru's target newbie wannabe investors. Newbies are very enthusiastic and want to take action but guru's also know that 99% of their students are never going to pull the trigger and close a deal. Probably 95% won't ever even work up the courage to talk to a potential seller. But they need to feel like they're doing something (busy work) so the guru's give them something to do. Driving around taking notes on dilapidated shacks probably feels like you're accomplishing something. And as you've noted if you do actually make it as far as talking to the owners there's a chance you'll find a deal, so it's not necessarily a waste of time, just not the best use of your time.


 Doug, you took the words right out of my mouth, and I like it that you nailed both sides of the coin, finishing with a truth that is important: "it's not necessarily a waste of time, just not the best use of your time."

Most all of the handymen I know have an awesome set of tools. None of them bought them all at once, nor do they use each of them every day. Usually it more of "Hmmm, I'm going to need a left handed widdlepup to do this job"....so they go get a left handed widdlepup and add it to the collection. D4$ is a tool in the box. 

For someone who has never engaged in any sort of RE, learning to drive and objectively scope out your farm area is incredibly important. If you happen to pick up a lead or two that you can take home and practice some due diligence on, even better. If that leads to a call and appointment better still. Close a deal? Wow. Great lesson.

I know some handymen who can't remember where they got this or that tool, and I know plenty that have great stories to tell about each one. Most newbies start out with not so much as a box let alone any tools. D4$ may not be the hammer or daily Driver, but it sure can come in handy sometimes.